Bridgeway Prime Shop Fund Management, which invests in retail and shop lots in Hong Kong, has suffered a hit of about 30 per cent in three deals over the past two months as geopolitical tensions and diminished bets on rate cuts hurt prices and market sentiment.
The fund sold a ground-level shop at Tung Lee Mansion in Sai Ying Pun for HK$15.6 million (US$2 million) last week, founder Edwin Lee told the Post on Thursday. It purchased the asset for HK$24.5 million three years ago, according to Land Registry records.
